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Stamp duty tax break saves first-time buyers £284m

It has been revealed that Philip Hammond’s decision to abolish stamp duty land tax (SDLT) for most first-time buyers on all properties worth up to £300,000 saved homeowners £284 million in the first half of 2018. This works out at an average saving of £2,337 per...

Contractors criticise ‘flawed’ IR35 test

A contractor group has slammed HMRC for omitting mutuality of obligation in an online tool which has been designed to assess an individual’s employment status. Mutuality of obligation requires employers to provide ongoing work for an employee, who then has an...

Landlords open to tax breaks for long-term tenancies

It has just been announced that the government is considering introducing tax incentives for landlords who offer longer tenancies. The Ministry of Housing, Communities and Local Government has launched a consultation on implementing a three-year tenancy model which...

PKB News – July 2018

Hello and welcome to our July newsletter. From missing out on valuable interest on business savings accounts to working pensioners paying £8.6 billion in income tax, this month we bring you all the latest industry news. If you have any questions or concerns about any...

Working pensioners are paying £8.6bn in income tax

According to figures released by the pension, insurance and investment company, Aegon, working pensioners are on course to pay £8.6 billion in income tax in 2018/19.  The number of pensioner households containing at least one person working beyond their state pension...

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